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Export from Indian Scheme

Export from Indian Scheme There shall be following two schemes for Export respectively: 1. For Export of Merchandise – Merchandise Exports from India Scheme (MEIS). 2. For Export of Services – Service Exports from India Scheme (SEIS). Nature of Reward Duty Credit Scrips shall be granted as reward Scrips can be freely transferable Scri...

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Posted Under: DGFT |

FTP – Relaxations w.r.t. MEIS & SEIS

The Directorate General of Foreign Trade, vide Public Notice No. 08/2015-20 dated 1st June, 2020, provided the following relaxations to the exporters: Increased validity of Duty Credit Scrips Original Validity: Duty Credit Scrips issued under Chapter 3 of the FTP 2015-20 are valid for 24 months from the date of issuance. Extended Validity...

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Posted Under: DGFT |

Incentive for export of agriculture products – An overview

In order to boost the economy and promote exports from India, there has been various schemes notified under Foreign Trade Policy (2015-20) giving the incentive to the exporters to make the Indian products price competitive in the international markets. Further it is also clear that the taxes should not be exported as per the internationa...

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Posted Under: DGFT |

New way for getting Online IEC Application (New/Modification)

Earlier, we have to file physical application and documents for getting IEC. Lot of times consumed by physical mode and also it was cumbersome procedure. But, today is the era of Digitisation. Now, all the information’s and facilities are available online in easy way. It saves both the time and money and increases the chances […]...

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Posted Under: DGFT |

Export/Deemed export incentives not availed by Exporters due to ignorance

Supplies of goods to the industrial units or projects specified under paragraph 7.2 of the Foreign Trade Policy, 2015-2020 (FTP) within India tantamount to ‘Deemed Exports’ supplies....

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Posted Under: DGFT |

Analysis of SEIS for Services Exporter Foreign Trade Policy

Analysis of Service Export from India Scheme (SEIS) for Services Exporter Foreign Trade Policy In order to encourage exports, the government provides certain benefits in the form of Incentives, etc. to exporters. One such Incentive scheme is SEIS, which is relevant for Service Exporters. Under this scheme service exporters receives certai...

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Posted Under: DGFT |

Important Clarifications – MEIS & SEIS!!!

Wherein many clarifications raised by the stakeholders was clarified pertaining to the FTP Schemes such as MEIS & SEIS in the current Instruction issued. All the inputs received so far from DGFT are listed below in detail along with writer's view....

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Posted Under: DGFT |

Greenlight to MEIS (Deadline December 31, 2020) !!!

Merchandise Exports from India Scheme (MEIS) was introduced in the Foreign Trade Policy (FTP) 2015-2020. The said policy was categorised predominantly as an incentive scheme for the export of goods under Chapter 3 (Exports from India Schemes)....

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Posted Under: DGFT |

COVID 19 Relaxations | Announcements by DGFT for MEIS, TMA and COO

On account of COVID 19, Indian Government is trying to provide relieves / measures to address the confusion / unrest in the industry. In continuation of our earlier email for extension of validity of policy and other parameters addressed by Commerce Ministry, we would also like to provide a brief of some of the important […]...

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Posted Under: DGFT |

Setting up of Export Oriented Units (EOUs)

EXPORT ORIENTED UNITS INTRODUCTION The Export Oriented Units (EOUs) scheme, introduced in early 1981, is complementary to the SEZ scheme. It adopts the same production regime but offers a wide option in locations with reference to factors like:- 1. Source of raw materials, 2. Ports of export, hinterland facilities, 3. Availability of tech...

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Posted Under: DGFT |